The growing financial crisis and plunging energy prices have forced oil companies to scale back spending and delay projects, with expensive ventures in the Canadian oil sands hardest hit.
Posts Tagged ‘Thomson Reuters’
Shell Nigeria oil exports affected by OPEC cuts
LONDON, Nov 5 (Reuters) – Royal Dutch Shell said on Wednesday it would not be able to meet all Nigerian crude supply obligations in November and December following OPEC’s decision to reduce exports.
UPDATE 3-Shell to delay oil sands expansion project
The move is the latest in a line of project deferrals among companies active in squeezing crude from Alberta’s bitumen-soaked soil in a trend that is dimming Canada’s energy production outlook.


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